Paladin Energy (OTCMKTS:PALAF) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Paladin Energy Ltd (OTCMKTS:PALAF) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $4.92 and traded as low as $4.06. Paladin Energy shares last traded at $4.33, with a volume of 291,464 shares.

Wall Street Analysts Forecast Growth

Separately, UBS Group cut shares of Paladin Energy from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 25th.

Paladin Energy Stock Performance

The company has a debt-to-equity ratio of 0.34, a current ratio of 4.02 and a quick ratio of 1.50. The business’s 50-day moving average is $4.89 and its two-hundred day moving average is $5.74.

About Paladin Energy

Paladin Energy Ltd develops, explores for, owns, and operates uranium mines in Australia, Canada, and Africa. The company operates through Exploration, Namibia, and Australia segments. Its flagship project is the Langer Heinrich mine located in the Namib Desert in Namibia. The company was formerly known as Paladin Resources Ltd and changed its name to Paladin Energy Limited in November 2007.